Lucky Block Price Prediction – June 26
The LBLOCKUSD pair is set for the next bull trend amidst a broader cryptocurrency downturn, facing the resistance levels for potential recovery. Thus, if all the support level holds and the bulls put more aggression into their activities, the coin price may rise to hit the $0.0001099 high level, which might extend to an upper resistance level of $0.0001200, signaling an optimistic market.
Key Levels:
Resistance levels: $0.0000500, $0.0000600, $0.0000700
Support levels: $0.0000250, $0.0000200, $0.0000150
LBLOCKUSD Long-term Trend: Bearish (Daily Chart)
LBLOCKUSD may likely increase to the upside, as the coin price is set for the next bull trend in its higher time frame. The coin is trading below the EMA-50. However, the market is presently facing resistance at the recent high.
The cryptocurrency price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.
Today, the Lucky Block pair set for the next bull trend and made a pullback at the $0.0000179 correction mark below the moving average to commence the bullish trend.
Hence, if the bulls could add more aggression to their buying activities and close the daily chart above the $0.0001099 previous high value, doing so will offer a higher footing for buyers to prolong this recovery.
Meanwhile, the market price of Lucky Block is in an uptrend on the daily signal, indicating that the selling pressure has reached an exhaustion, the expected upside move in the coin price could be high at $0.0001200 swing high in the coming days as the crypto set for the next bull trend in its long-term outlook.
LBLOCKUSD Medium-term Trend: Bearish (4H Chart)
In the medium-term view, it is clear that the LBLOCKUSD pair could be ready for the next bull trend despite the whale sell-off in the market. The price currently trades slightly below the EMA-50. This means that the coin is in a downward trend.
The persistent bears’ pressure at the $0.0000152 low value on the crypto in the last few hours has made the coin price remain below the supply trend lines in its recent price level.
The market price of LBLOCKUSD which has risen to a high of $0.0000179 value below the supply level shortly after the 4-hour session indicates that the crypto is set for the next bull trend with an improvement in bullish market sentiment. Thus, closing the 4-hour session above the $0.0000340 high mark will move the trade to the buy side.
Notably, the bulls are now set for the next bull trend to take the pair to a psychologically key level on the upside as the day goes by in its medium-term outlook as indicated by the daily stochastic, pointing upwards. The $0.0001200 supply level might be the target.
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